LifeHiscost Posted March 8, 2011 Posted March 8, 2011 Quote: Who Owns the U.S.?by Greg Bocquet Monday, February 28, 2011 Regardless of how much closer Obama's budget brings our economy into a balance of payments not seen since 2001, we will continue to run deficits for the next decade, and the national debt will keep growing every year that happens. More from MainStreet.com • The Most Debt-Ridden Cities • 6 Things Obama Has Done to Your Wallet • The Highest Taxes in the World While most of the country's $14 trillion debt is held by private banks in the U.S., the Treasury Department and the Federal Reserve Board estimate that, as of December, about $4.4 trillion of it was held by foreign governments that purchase our treasury securities much as an investor buys shares in a company and comes to own his or her little chunk of the organization. 1. Mainland China Amount of U.S. debt: $891.6 billion Share of total foreign debt: 20.4% 2. Japan Amount of U.S. debt: $883.6 billion Share of total foreign debt: 20.2% 3. United Kingdom Amount of U.S. debt: $541.3 billion Share of total foreign debt: 12.4% 4. Oil Exporters Amount of U.S. debt: $218 billion Share of total foreign debt: 5% 5. Brazil Amount of U.S. debt: $180.8 billion Share of total foreign debt: 4.1% 6. Caribbean Banking Centers Amount of U.S. debt: $155.6 billion Share of total foreign debt: 3.6% 7. Hong Kong Amount of U.S. debt: $138.2 billion Share of total foreign debt: 3.2% 8. Canada Amount of U.S. debt: $134.6 billion Share of total foreign debt: 3.1% 9. Taiwan Amount of U.S. debt: $131.9 billion Share of total foreign debt: 3.0% 10. Russia Amount of U.S. debt: $106.2 billion Share of total foreign debt: 2.4% As I understand, another 9 trillion debt of the United States is held by its' own citizens. "Look here, you rich people: Weep and groan with anguish because of all the terrible troubles ahead of you. Your wealth is rotting away, and your fine clothes are moth-eaten rags. Your gold and silver have become worthless. The very wealth you were counting on will eat away your flesh like fire. This treasure you have accumulated will stand as evidence against you on the day of judgment."James 5:1-3 NLT "“Is anyone thirsty? Come and drink— even if you have no money! Come, take your choice of wine or milk— it’s all free! Why spend your money on food that does not give you strength? Why pay for food that does you no good? Listen to me, and you will eat what is good. You will enjoy the finest food. “Come to me with your ears wide open. Listen, and you will find life. I will make an everlasting covenant with you. I will give you all the unfailing love I promised to David."Isaiah 55:1-3 NLT God blesses! Quote Lift Jesus up!!
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